American Electric Power (AEP) Revenue — Quarter Ended Sep 30, 2023
Revenue rose sharply from the preceding quarter but fell relative to the same period last year. The sequential improvement reflects a rebound from the prior quarter's lower level, while the annual decline marks a continuation of year-over-year contraction.
Key takeaway
Quarter ended Sep 30, 2023 · FY2023 Q3
Revenue rose sharply from the preceding quarter but fell relative to the same period last year. The sequential improvement reflects a rebound from the prior quarter's lower level, while the annual decline marks a continuation of year-over-year contraction.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.3B
Revenue reported for this quarter.
Quarter-over-quarter
+22.2%
Change from the immediately preceding quarter.
Year-over-year
-3.3%
Change from the comparable year-ago quarter.
Trailing four quarters
$19B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Dec 31, 2022 | $4.6B | +14.1% |
| Mar 31, 2023 | $4.7B | +2.1% |
| Jun 30, 2023 | $4.4B | -5.8% |
| Sep 30, 2023 | $5.3B | -3.3% |
Revenue performance
The reported revenue reflects a strong sequential increase, reversing the decline seen in the previous quarter.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased substantially. However, compared to the same quarter one year earlier, revenue decreased, indicating a year-over-year decline.
What to watch
Monitor whether the year-over-year revenue decline can be reversed in the coming quarters.